Sec. 5101. Increase in information return penalties
154 words·~1 min read·
/bill/113/hr/1/ih/section-5101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subparagraph
(A)of section 6652(c)(1) is amended— by striking $20 each place it appears and inserting $40 , and by striking $100 and inserting $200 . Clause
(ii)of section 6652(c)(1)(B) is amended by striking $10 and inserting $20 . Subparagraphs
(C)and
(D)of section 6652(c)(1) are each amended by striking $20 and inserting $40 . 6034 or 6043 Paragraph
(2)of section 6652(c) is amended— by striking $10 each place it appears in subparagraphs
(A)and
(B)and inserting $20 , and by striking substituting in subparagraph (C)(ii) and inserting $100 for $20 , substituting . $200 for $40 , 6033(a)(2) Subparagraph
(A)of section 6652(c)(3) is amended by striking $100 and inserting $200 . Subparagraph
(B)of section 6652(c)(3) is amended by striking $100 and inserting $200 . The amendments made by this section shall apply with respect to information returns required to be filed on or after January 1, 2015.